Bits: more on Avios from Nutmeg, AA charging seat fee when booked via BA, £15 Uber code to beat tube strike

News in brief:

More on earning Avios from Nutmeg

On Tuesday I discussed the new partnership between Avios and Nutmeg.

Nutmeg is an innovative online wealth management service which offers a fully managed, discretionary, investment service at a far lower cost than its competitors.  If you are using St James’s Place, Hargreaves Lansdown etc then the Nutmeg fee structure of 0.3% – 0.95% should be of interest.

Using exchange-traded funds, Nutmeg offers no set fees, no transaction fees, no trading fees, no exit fees and no commission.  You only pay your annual management fee.  Your Money voted them the ‘best online Stocks and Shares ISA provider’ for 2015.

As I mentioned on Tuesday, Nutmeg has launched a refer a friend scheme which would allow you to earn 5,000 to 10,000 Avios, depending on how much you invested.

The company got in touch to point out that this offer is open to anyone, with no referral needed.  Simply visit this page and you can open an account without a referral.

Nutmeg logo

American Airlines charging a seating fee if you book seats via

As you have probably noticed, it is possible to book transatlantic cash flights on American Airlines using  This is because AA and BA have a joint venture on transatlantic flights, whereby they pool revenue and services.  The airlines share your money irrespective of who operates your flight.

That is why I was surprised to see this article from Miles From Blighty.

AA has a $35 seating fee if you do not buy your ticket directly from  This fee applies even if you buy your ticket from  oneworld elite members can still avoid the fee but everyone else must pay.  This means that, if you are planning to buy an AA transatlantic flight, you are better off booking on rather than, even though you would lose out on the triple Avios for BA spending on the BA Premium Plus American Express.

American AA 350

Let Uber help you beat the Piccadilly Line tube strike

Uber has announced that UberPOOL, its ride sharing service, will be extended from Central London to cover the entire Piccadilly Line area.

UberPOOL gives you a 25% discount on the price of your Uber X (Toyota Prius or equivalent) ride if you agree to the driver picking up another passenger heading in the same direction.  You receive the discount even if no other passenger is found.

As a typical fare, the company quotes Edgware Road to London Heathrow from £23.20 via UberPOOL.

If you have not tried Uber yet, you will receive a £15 discount on your first ride by downloading the app and adding promotional code HEADFORPOINTS.  This is £5 higher than the usual Uber sign-up deal.

How to use ITA Matrix to find cheap British Airways flights from Europe
More deals when you redeem for hotel stays
About Head for Points

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  1. Hello

    I have two x $50 Cathy Pacific service vouchers which will expire in April, is there anything I can do with these, I can’t even find and merchandise I could waste it on? I have nothing planned with them this year and need to use them or lose them?? Ideas?

    • You can use the vouchers to buy duty free items or you can use it towards any flights with CX. If you do want to use it towards flights, you will need to call up CX to make the booking (or make the booking online, hold the booking and call up to get the discount applied before you pay for it).

  2. Genghis says:

    With Nutmeg, the underlying funds also charge a fee

    • Yep – I really think people should be very careful making big financial decisions for a few avios. As was noted by another poster on Tuesday their performance hasn’t been great (although neither has the market’s) and there are many other competent providers out there.beyond HL and SJP (even if you don’t get that impression reading the weekend money sections).

      All I’m saying is do your research. Getting roped in to paying a 0.95% management fee is a pretty poor deal if someone else will offer the same for either a lower % or a fixed fee.

      • I would be v e r y wary of SJP – mostly staffed by ex allied dunbar sales people – very smooth operators when it comes to separating the naïve from their money. lots of fees (some of them very opaque indeed).

        if you want a low cost platform, aim for something with zero (or very low) platform fees, and for a low cost index fund where the total cost (fees plus expenses) is under 0.2% pa. I would suggest you consider :
        iweb (£200 upfront fee, but no ongoing platform fees)
        interactive investor (£20/qtr platform charges, rebates against transaction fees – so no good for the small investor but if you have six figures to invest its fine)
        SVS XO (no ongoing platform charges – but a bit salesy – not for the novice)
        HL, _if_ you stick to buying shares directly, and avoid the fund platform fees, which are quite high
        AJ Bell
        and, if you want to minimise fees and spread you investments, do look at some of the low cost index funds, notably those from vanguard.
        I’ve used all of the above, and have been pretty happy with them – waaay better than the exorbitant fees charged by many of the big names.
        if its complex then get proper advice (…from someone who isn’t out to make a load of commission from you)

  3. Yeah, Nutmeg claimed to have over 10% growth of funds during 2014-15.

    Last time I looked at my ISA I got last year, it had lost 7%.

    So bear that in mind.

    (Probably that I invested in something, the kiss of death of something which makes money).

    • Genghis says:

      Good posts Tony and Smid. Evidence points that we’re in economic slowdown so unless you’re investing in govies, your capital may not be safe.

  4. Aeronaut says:

    I wonder how well the UberPOOL concept is doing in London? My suspicion would be that we’re a bit reticent when it comes to sharing a cab.

    • There is a snag with it. Your 25% discount is based off Uber’s estimate of what your actual fare WOULD have been had you not diverted to pick up or drop off the extra person.

      Someone I know who tried POOL says that Uber’s ‘guess’ was far higher than he used to pay for the same journey in reality – so the 25% ‘discount’ didn’t save him anything.

      • Huh? Doesn’t make sense. When I get a fare estimate for a journey- I can get an estimate for uber x pool, xl and the others. Pool is definitely lower than x

  5. OT but that difficulty I’d had applying for the Accor plat seems to have been because my account got “locked” after the December quiz.
    Accor scrutinuised the “lock” and told me the Iberia auto transfer was not allowed as I’d not had a stay that year and they’ve closed the account forthwith – you win some you lose some I guess, anyhow now trying to cut losses and apply for the Accor plat as a new account without points before it goes – here’s hoping!